Award

Fund Administration Consultancy Services

NATIONAL EMPLOYMENT SAVINGS TRUST (NEST)

This public procurement record has 1 release in its history.

Award

23 Apr 2024 at 12:00

Award Notice
Summary of the contracting process

The National Employment Savings Trust (NEST) has awarded a contract for Fund Administration Consultancy Services in London, United Kingdom. The procurement involved pension fund consultancy services and was carried out through a direct procurement method. The contract value was £79,000, with a tender period ending on April 15, 2024, and a contract period running from April 29, 2024, to June 7, 2024.

This tender presents an opportunity for businesses specialising in investment consultancy services to engage with NEST. Small and medium-sized enterprises (SMEs) may find this contract particularly suitable. The successful supplier, Alpha FMC, will support NEST's Investment team for a two-month period. Businesses interested in consultancy services related to pension funds are encouraged to explore future opportunities with NEST.

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Notice Information

Notice Title

Fund Administration Consultancy Services

Notice Description

Fund administration consultancy services to be provided to Nest for a period of two months to support the Nest Investment team, whilst a Procurement is taking place to establish a new framework agreement for Investment consultancy services.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a79ff22c-1546-4f3d-b27b-8bcf3cdce6a8
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c6d58d6b-880d-4025-ac36-1e834ee650e1
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66523000 - Pension fund consultancy services

Notice Value(s)

Tender Value
£79,000 Under £100K
Lots Value
Not specified
Awards Value
£79,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
23 Apr 20241 years ago
Submission Deadline
15 Apr 2024Expired
Future Notice Date
Not specified
Award Date
14 Apr 20241 years ago
Contract Period
28 Apr 2024 - 7 Jun 2024 1-6 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
NATIONAL EMPLOYMENT SAVINGS TRUST (NEST)
Contact Name
Not specified
Contact Email
procurement@nestcorporation.org.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
E14 4PU
Post Town
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI42 Tower Hamlets
Delivery Location
TLI London
Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

ALPHA FMC

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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